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20:09
Consulting firm: If the Strait of Hormuz remains closed until August, it could trigger an economic recession comparable to 2008
The basic forecast scenario of this consulting company assumes that the canal will reopen in July. In this case, daily oil demand will decrease by 2.6 million barrels, and the benchmark Brent crude oil spot price will peak near $130 per barrel during the summer. Expand
20:05
U.S. stocks closed higher with all three major indexes gaining, and Arm shares rose by 16%.
According to ChainCatcher, data from a certain exchange shows that at the U.S. stock market close on Thursday, the Dow Jones Industrial Average preliminarily closed up 0.55%, the S&P 500 Index rose 0.17%, and the Nasdaq Composite Index increased by 0.09%. NVIDIA (NVDA.O) fell 1.8%, IBM (IBM.N) rose 12%, Arm (ARM.O) stock price increased 16%, and SanDisk (SNDK.O) rose 10%. The Nasdaq Golden Dragon China Index closed down 1.5%, Bilibili (BILI.O) fell 3.9%, and Xpeng Motors (XPEV.N) rose 3%.
20:03
All three major U.S. stock indexes closed higher, with the Dow Jones hitting a record high.
All three major US stock indices closed higher, with the Dow Jones rising 0.55% to a record closing high; the S&P 500 rose 0.17%, and the Nasdaq gained 0.09%. IBM surged over 12% on news that the US will allocate $2 billion to nine quantum computing companies, including IBM.
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